at the policies the president's put in place whr-rbgs that's more stimulus spending, growing government, higher taxes, more regulations, we're getting a very, very different picture of what those policies look like in terms of the impact on our economy. we've seen negative impacts, high levels of spending, high annual deficits during the president's first term. and as a consequence of that, slower economic growth. mr. president, i want to submit, if i might, for the record an opinion piece by michael bosskin, he wrote it for the "wall street journal" earlier this week. in that piece mr. boskin makes the case that spending cuts will help the economy. he wrote the standard keynesian economic models that claim a quick economic boost from higher government spending actually show that the effect turns quickly negative. in other words, spending need to be repeated over and over, like a drug, to keep the hypothetical positive effect going.